PFG Q2 fiscal 2023 net sales up 8% to $13.9B, adj. EBITDA +28% to $308.8M; raises FY adj. EBITDA guidance low end

Performance Food Group Co

2022-Q2 EPS reported $1.07 revenue$28,618,200,000

Q2 net sales $13.9B (+8% YoY); gross profit $1.5B (+17%).
Q2 adjusted EBITDA $308.8M (+28%); adjusted diluted EPS $0.83 (+46%).
First-half adjusted EBITDA $663.5M (+56%); net sales $28.6B (+23%).
Total case volume up 3% in Q2; organic independent restaurant case growth driving market share gains.
Raised bottom end of full-year adjusted EBITDA target; expects encouraging profit results.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Performance Food Group Co reported the fiscal quarter ended December 31, 2022 results: revenue $13.9 billion, net income $71.1 million, EPS $0.46. Guidance raised.

Period: the fiscal quarter ended December 31, 2022
Revenue: $13.9 billion
Net income: $71.1 million
EPS: $0.46
Guidance: raised
Result: reported results

Exact text from the filing

Cash Flow Generation; Raises Bottom End of Fiscal 2023 Adjusted EBITDA Outlook Second-Quarter Fiscal 2023 Highlights • Total case volume grew 3% • Net sales increased 8% to $13.9 billion • Gross profit improved 17% to $1.5 billion • Net income increased to $71.1 million • Adjusted EBITDA increased 28% to $308.8 million 1 • Diluted Earnings Per Share (“EPS”)

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Performance Food Group Co reported First-Half Fiscal 2023 results: revenue $28.6 billion, net income $166.8 million, EPS $1.07. Guidance raised.

Period: First-Half Fiscal 2023
Revenue: $28.6 billion
Net income: $166.8 million
EPS: $1.07
Guidance: raised
Result: reported results

Exact text from the filing

Per Share (“EPS”) increased to $0.46 • Adjusted Diluted EPS increased 46% to $0.83 1 First-Half Fiscal 2023 Highlights • Total case volume grew 9% • Net sales increased 23% to $28.6 billion • Gross profit improved 27% to $3.1 billion • Net income increased to $166.8 million • Adjusted EBITDA increased 56% to $663.5 million 1 • Diluted EPS increased to $1.07 •

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Source: SEC EDGAR

accession 0000950170-23-002046

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